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To: SSP who wrote (44705)	4/26/2000 10:21:00 AM
From: SSP	Respond to of 150070

GDSA - Goldstate Corporation Announces Execution of Letter Agreement for Acquisition of FP Telecom Ltd. LAS VEGAS, Apr 26, 2000 (BUSINESS WIRE) -- Goldstate Corporation (the "Company") (OTCBB:GDSA) announces that on April 20, 2000, the Company entered into a letter agreement (the "Letter Agreement") to acquire 100% of the issued and outstanding shares of FP Telecom Ltd., a corporation organized under the laws of Alberta ("FP Telecom"). The acquisition of FP Telecom by the Company will be in exchange for a funding commitment of an aggregate of $250,000 CDN and the issuance of an aggregate of 425,000 restricted shares of the Company's common stock. The Company and FP Telecom agree that the Letter Agreement is binding upon the Company and FP Telecom, and that the Company and FP Telecom may negotiate prior to execution of a formal agreement such further terms and conditions that are reasonably necessary to carry out and give effect to the terms and provisions of the Letter Agreement. FP Telecom is engaged in the leasing of cellular telephone equipment and services to credit challenged consumers who do not otherwise qualify to sign and operate a network carrier's agreement for service without the support and backing of FP Telecom. Over 80 million North Americans fall into the category of credit "unworthiness," or, what the financial world commonly refers to as "bad credit." These businesses and individuals are routinely prevented from access to limited amounts of credit and may be severely restricted from opening the most routine types of accounts, making many products and services unavailable to them. Through new financial technology developed and instituted by FP Telecom, those who are currently rated below the credit threshold for approval to operate a cellular telephone account may be able to receive these products and services through the FP Telecom Cellular Program. FP Telecom is able to operate in the market using technology it has developed called "Financial Bonding." This "bonding" is accomplished through use of a legal binding document that clothes FP Telecom with certain powers to enforce its rights and to collect its debts. More importantly, the bonding agreement strongly discourages defaults by these businesses and individuals of their respective accounts with FP Telecom. FP Telecom allows individuals and businesses who are rated below the current credit approval level set by a carrier to pay a fee to FP Telecom, and lease and operate cellular equipment as if the account were in their own name. FP Telecom is the financially responsible party for each such account and for each piece of equipment in the care and control of the end-user. With this structure, both the dealer and the network carrier are completely protected from financial losses associated with the account regardless of the actions or status of the end-user. The acquisition of FP Telecom by the Company is a strategic move to acquire companies which service the "Middle American Marketplace." The Company's long-term business strategy is to acquire profitable emerging companies with similar target markets. SAFE HARBOR STATEMENT Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, commodity prices of precious metals and actual results differing materially from projections because of geological factors, operation factors, government regulations or factors relied upon from independent sources, may either negatively or positively impact exploration or mining operations. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in the future periods to differ materially from forecasted results. The Company assumes no obligation to update the information in this release. Distributed via COMTEX. Copyright (C) 2000 Business Wire. All rights reserved. -0- CONTACT: Goldstate Corporation Craig Forgie, 800/579-0189 investor@goldstatecorp.com www.goldstatecorp.com

To: SSP who wrote (44705)	4/26/2000 10:21:00 AM
From: chapin	Read Replies (1) \| Respond to of 150070

(BSNS WIRE) TSIG.com Increases Equity Line Financing to $125 Million TSIG.com Increases Equity Line Financing to $125 Million Business Editors/Technology Writers ST. PETERSBURG, Fla.--(BUSINESS WIRE)--April 26, 2000-- TeleServices Internet Group Inc. (OTCBB:TSIG), known as TSIG.com, today announced that the letter agreement engaging a prominent New York based investment banking firm as its exclusive agent for a private placement financing, previously announced as up to $40 million, has been amended to increase the size of the financing to up to $125 million. The increase is intended to provide TSIG.com with a sound financial base to implement its business plan, which includes the proposed acquisitions of General Search.Com, The Affinity Group and American Teleswitch, as well as other initiatives that the company is pursuing. It is contemplated that the proposed private placement would be for a common stock equity line of credit. The securities will not be registered under the Securities Act and may not be offered or sold absent a registration or an applicable exemption from registration, but the investors would have registration rights. Other terms of the offering are unknown at this time. About TSIG.com Headquartered in St. Petersburg, Florida, TeleServices Internet Group Inc., known as TSIG.com, has created its myCard programs to benefit both the corporate and non-profit communities, as well as consumers. TSIG.com forms myCard partnership agreements with national corporations and non-profit organizations, and then works with those partners to design revenue-generating programs that attract consumers to their Web sites. The first myCard program was myMusicCard, which enables consumers to purchase CDs and cassettes at the lowest available prices. Similarly TSIG.com's myPhotoCard programs provide low-cost film processing and Kodak Film, and the myPhoneCard programs provide low-cost prepaid long-distance calling card services. TSIG.com has recently acquired General Search.Com, an Internet portal with one of the most powerful and accurate search engines on the Internet, with access to a database of more than 100 million links. The search engine is family-oriented, with filters that eliminate virtually all adult-oriented content, while still providing the most accurate search results available on the Internet. GeneralSearch has more the 800 Internet-based affiliates, including Amazon.com, Land's End, Office Max and other popular sites. Through General Search, TSIG.com is able to provide its customers free Internet access for life, free e-mail, fax, integrated messaging and other features. These customized marketing programs provide recurring revenues to TSIG.com and its partners, and help develop strong brand loyalty and awareness within target communities. TSIG.com further enhances its myCard programs by providing customer service and support with its Web-based call center and related services. With non-profits, TSIG.com is engaged in "cause-related marketing" and has a "volunteer sales force" of millions generating sales and driving traffic to Internet sites for the lowest customer acquisition cost in the business. TSIG.com is the national marketing partner of UCP, the nation's largest non-profit health care organization and leader in the disability field, serving over 1 million people with disabilities a year in the United States. TSIG.com's corporate web site is at www.tsig.com and the myMusicCard web site is at www.mymusiccard.com. This press release contains "forward-looking statements" within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, (3) the availability of financing at favorable terms, and (4) other factors detailed in the company's public filings with the SEC. --30--jd/mi* CONTACT: TSIG.com, St. Petersburg Paul Henry, phenry@tsig.com Richard Wheeler, dwheeler@tsig.com 727/897-4000 KEYWORD: FLORIDA INDUSTRY KEYWORD: E-COMMERCE TELECOMMUNICATIONS INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *